American International Group, Inc. (NYSE:AIG) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado lowered its stake in American International Group, Inc. (NYSE:AIG) by 7.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,859 shares of the insurance provider’s stock after selling 7,240 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in American International Group were worth $6,820,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its position in American International Group by 14.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,899 shares of the insurance provider’s stock worth $215,000 after acquiring an additional 376 shares in the last quarter. Ieq Capital LLC raised its position in American International Group by 10.1% in the second quarter. Ieq Capital LLC now owns 27,370 shares of the insurance provider’s stock worth $2,032,000 after acquiring an additional 2,515 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its position in American International Group by 7.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 87,204 shares of the insurance provider’s stock worth $6,424,000 after acquiring an additional 6,241 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in American International Group by 9.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 11,184 shares of the insurance provider’s stock worth $830,000 after acquiring an additional 954 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in American International Group in the second quarter worth about $20,123,000. Institutional investors and hedge funds own 90.60% of the company’s stock.

Insider Buying and Selling

In other American International Group news, major shareholder International Group American sold 8,032,129 shares of American International Group stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $24.90, for a total value of $200,000,012.10. Following the completion of the sale, the insider now directly owns 284,238,898 shares in the company, valued at $7,077,548,560.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 14,964,738 shares of company stock worth $400,732,195. Insiders own 0.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AIG. Royal Bank of Canada reiterated an “outperform” rating and issued a $87.00 price target on shares of American International Group in a research report on Tuesday, July 9th. Morgan Stanley dropped their price target on shares of American International Group from $82.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Keefe, Bruyette & Woods dropped their price target on shares of American International Group from $96.00 to $90.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Evercore ISI cut their price objective on American International Group from $81.00 to $78.00 and set an “in-line” rating on the stock in a report on Thursday, June 27th. Finally, Barclays initiated coverage on shares of American International Group in a research note on Wednesday, September 4th. They set an “overweight” rating and a $90.00 price objective for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $83.88.

American International Group Stock Down 0.2 %

AIG stock opened at $73.76 on Friday. The company has a 50 day moving average of $74.55 and a two-hundred day moving average of $75.68. The company has a market cap of $48.95 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 3.60 and a beta of 1.06. American International Group, Inc. has a 12-month low of $57.72 and a 12-month high of $80.83. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.22.

American International Group (NYSE:AIG) last announced its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.14). American International Group had a positive return on equity of 9.52% and a negative net margin of 1.54%. The firm had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the prior year, the business posted $1.75 earnings per share. American International Group’s revenue was up .0% on a year-over-year basis. On average, equities analysts anticipate that American International Group, Inc. will post 5.24 earnings per share for the current fiscal year.

American International Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.60 annualized dividend and a dividend yield of 2.17%. American International Group’s payout ratio is 23.88%.

American International Group Profile

American International Group, Inc offers insurance products for commercial, institutional, and individual customers in North America and internationally. It operates through three segments: General Insurance, Life and Retirement, and Other Operations. The General Insurance segment provides commercial and industrial property insurance, including business interruption and package insurance that cover exposure to made and natural disasters; general liability, environmental, commercial automobile liability, workers’ compensation, excess casualty, and crisis management insurance products; and professional liability insurance.